nairalanda1:



You really don't want to know how Buhari and Emefiele were managing the crashing naira value.

Most of the time, it was by BORROWING. . Now we are reaping the borrowing effect.

Does not make Tinubu better though. He helped bring Buhari.


You want a strong naira on the back of an economy that exports one thing and one thing alone? Tell me another story.

nairalanda1:



You really don't want to know how Buhari and Emefiele were managing the crashing naira value.

Most of the time, it was by BORROWING. . Now we are reaping the borrowing effect.

Does not make Tinubu better though. He helped bring Buhari.


You want a strong naira on the back of an economy that exports one thing and one thing alone? Tell me another story.

nairalanda1:


Yes, because Nigerian economy is reliant on JUST OIL...and when the oil price crashes, we borrow to stay up, and when it rises, we pay off our loans, and then borrow more to replace the revenue iused to pay off the loans we borrowed

Every Nigerian leader has done it. That is why since I was born, our economy has always been in crisis.

Want to be free of the crisis? It involves hard choices that if I mention it here, people will abuse me, so make them enjoy APCPDP. Power for change!

Tinubu or is it Thivbu is borrowing because the alternatives are total removal of subsidy, and fuel selling above N1200 and extreme tax measures, and removal of subsidy on power, with the DISCOS setting price, and massive floating of the naira, so much so that naira reaches N2000 per dollar...but he wants to do partial, and partial because the full thing means...HARDSHIP

Every Nigerian leader has known the above...but they all wanted to be elected....

Kukutente23:

Saudi exports only oil and still has a strong currency
Oh I forgot, they produce more oil and have less population. My bad

Hakeem66:
Don't mind his daft supporters. With the amount of money Lagos is generating from revenue, a governor who's half corrupt would have transformed Lagos to Joburg.

Nice2023:
If truly Buhari has a legacy to be guarded and guided then, we have with us the worst president ever in our history.

I dey laugh una.

Buahri has no educational background...he became a general by a quota system...that is according to Elrufai.
That is Buhari was the only general in Nigeria history without [/b]military insignia.[b]

For Emilokan,we are sure his academic qualifications are at variance with expectations in the society. Therefore,these two figure heads can't and would never better the economy.

It takes a man or woman of education to address the economy and not these two conk heads.

Finally,the only achievement expected of this new president is to take Nigeria back to where Buhari left us because everything has dabaru

FreeStuffsNG:
Dear OP, what are you producing to help bring in the forex or help reduce the outflow of the forex? That's the question we need to ask each of ourselves.

Asiwaju Tinubu will not use borrowed or hard earned money to defend the naira against the us dollar that unpatriotic people are speculating on to store inside their mattresses. If you join them to keep overvaluing the us dollars, you will get burnt severely las las. Check my signature for free stuffs!

nairalanda1:


Kuwait has 6 million people, Jordan has about 11 million, Oman has about 4 million, UAE has 13 million people

Nigeria has....220 million people.

Apart from corruption, where is the money we go invest for tomorrow? All the above nations produce more oil than we do.

The money we earn is not enough. At the end, we have to borrow.

And even now, oil is still 80% of government revenues (70% accroding to World Bank).




Yes, and we are even still recovering the Abacha loot up till now.

BUT even if we got back all the loot.....it would equal to our GDP . It might help...till the money runs out.


Nigeria has to DIVERSIFY ITS ECONOMY. Oil is not a good source of revenue for us. The price dey jump up and down.


Just to show you how broke we are...Nigeria saved 60 billion dollars in its reserve as at 2010, Saudi had 70 times that in its reserve in 2014. Saudi has 40 million and produces ten times more crude than we do. More money to save.

Kukutente23:

You what are you producing apart from your moribund free stuffs that's more of a scam
Try to practice what you preach

FreeStuffsNG:
Dear OP, what are you producing to help bring in the forex or help reduce the outflow of the forex? That's the question we need to ask each of ourselves.

Asiwaju Tinubu will not use borrowed or hard earned money to defend the naira against the us dollar that unpatriotic people are speculating on to store inside their mattresses. If you join them to keep overvaluing the us dollars, you will get burnt severely las las. Check my signature for free stuffs!

RingRoadMafia:


Haha! Sukanmi Vaughan, you go explain taya, nor worry. You go explain this economics to men face to face.

kk2027:


The explanation doesn't make sense

RingRoadMafia:


Leave am, e go turn teacher.

kk2027:
Someone that can go to business center to print certificate is who you're expecting to turn your life around


I dey laugh

FreeStuffsNG:
my.nd44 nlfpm.od

FreeStuffsNG:

You know I don't reply cyberbullies and criminal defamers like you. I just report you to mods and help you create enough digital footprints to help those doing discreet background checks on you know that you are a cyberbully who cowardly hide behind monikers to criminally defame innocent people online.

Kukutente23:

So..... according to your textbook of economics which you've read since the 90s, the only way to improve the economy is through hardship.
That really sounds smart

nairalanda1:


Kuwait has 6 million people, Jordan has about 11 million, Oman has about 4 million, UAE has 13 million people

Nigeria has....220 million people.

Apart from corruption, where is the money we go invest for tomorrow? All the above nations produce more oil than we do.

The money we earn is not enough. At the end, we have to borrow.

And even now, oil is still 80% of government revenues (70% accroding to World Bank).




Yes, and we are even still recovering the Abacha loot up till now.

BUT even if we got back all the loot.....it would equal to our GDP . It might help...till the money runs out.


Nigeria has to DIVERSIFY ITS ECONOMY. Oil is not a good source of revenue for us. The price dey jump up and down.


Just to show you how broke we are...Nigeria saved 60 billion dollars in its reserve as at 2010, Saudi had 70 times that in its reserve in 2014. Saudi has 40 million and produces ten times more crude than we do. More money to save.

CodeTemplar:
@last paragraph, who says currency cannot be strong if one major export is embraced. It was before and can be again, but we are better off diversifying.

Sangoamadioha1:




Which one be military insignia again
Talk wetin you know and stop embarrassing yourself😒

Nice2023:





It is not about the population. After all equatorial has a population of less than 2million with huge oil Wells and still very poor,if not among the poorest in Africa.

Soa Tome and principe has one of the tiniest population in Africa with less than a million people,yet they are seriously poor.

Solution is,invest the proceed of ur oil and u will take ur population out of poverty just like Norway has done.

Norway invested so much billions in their sovereign wealth fund which no country on earth has ever done since the nineties. Currently,Norway sovereign wealth fund has gained just 149billion dollars just in one year.

That is the power of investing ur proceeds from what u produce.

Additionally,if Norway was to share the money in its investments abroad,each citizen would get 250,000 dollars as their share.

Kukutente23:

Saudi exports only oil and still has a strong currency
Oh I forgot, they produce more oil and have less population. My bad

Sangoamadioha1:




Which one be military insignia again
Talk wetin you know and stop embarrassing yourself😒